Midnifty Intraday Analysis for 28th May 2024
Updated
NIFTY_MID_SELECT Maximum Call writing near CMP is at 11700 strike with 2.55 Lakh followed by 1.67 Lakh at 11800 Strike and 1.35 Lakh at 11900 strike and Put writing of 2.13 Lakh at 11600 Strike followed by 2.02 Lakh at 11700 Strike and 1.95 Lakh at 11500 strike. Index is closed near 11675 level.
Index has resistance near 11700 - 11725 level and if index crosses and sustain above 11750 level then index may reach near 11800 level. If crosses and sustain above 11825 then Index may reach near 11900 level.
Index has support near 11600 - 11500 range and if this support is broken then index may tank to 11350 level.
Trade closed: target reached
Gap up opening but could not cross 11750 level than dragged to low near 11540 level.
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.
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